Exelon Corporation (EXC) Shares Bought by UBS Asset Management Americas Inc.
UBS Asset Management Americas Inc. boosted its position in shares of Exelon Corporation (NYSE:EXC) by 6.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,487,123 shares of the energy giant’s stock after acquiring an additional 210,298 shares during the quarter. UBS Asset Management Americas Inc. owned 0.36% of Exelon Corporation worth $125,781,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Hudock Capital Group LLC boosted its holdings in Exelon Corporation by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 3,206 shares of the energy giant’s stock valued at $115,000 after acquiring an additional 13 shares during the period. Cambridge Advisors Inc. boosted its holdings in Exelon Corporation by 0.3% during the 2nd quarter. Cambridge Advisors Inc. now owns 6,913 shares of the energy giant’s stock valued at $249,000 after acquiring an additional 23 shares during the period. Live Your Vision LLC boosted its holdings in Exelon Corporation by 0.9% during the 2nd quarter. Live Your Vision LLC now owns 2,977 shares of the energy giant’s stock valued at $115,000 after acquiring an additional 26 shares during the period. Chesley Taft & Associates LLC boosted its holdings in Exelon Corporation by 0.6% during the 2nd quarter. Chesley Taft & Associates LLC now owns 5,915 shares of the energy giant’s stock valued at $213,000 after acquiring an additional 35 shares during the period. Finally, Sterling Investment Advisors Ltd. boosted its holdings in Exelon Corporation by 1.2% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 3,145 shares of the energy giant’s stock valued at $113,000 after acquiring an additional 37 shares during the period. Institutional investors own 76.78% of the company’s stock.
A number of equities analysts recently commented on the company. Morgan Stanley lifted their price objective on Exelon Corporation from $37.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, September 8th. KeyCorp reiterated a “buy” rating and issued a $41.00 price objective on shares of Exelon Corporation in a research note on Friday, September 1st. BidaskClub upgraded Exelon Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Barclays PLC reiterated an “overweight” rating and issued a $44.00 price objective (up previously from $43.00) on shares of Exelon Corporation in a research note on Wednesday, August 9th. Finally, Citigroup Inc. upgraded Exelon Corporation from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $36.00 to $43.00 in a research note on Thursday, July 27th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Exelon Corporation has an average rating of “Buy” and an average target price of $40.17.
In related news, EVP Jonathan W. Thayer sold 215,669 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $38.00, for a total value of $8,195,422.00. Following the sale, the executive vice president now directly owns 237,181 shares in the company, valued at approximately $9,012,878. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Denis P. O’brien sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $38.50, for a total value of $1,155,000.00. Following the completion of the sale, the insider now owns 57,243 shares in the company, valued at $2,203,855.50. The disclosure for this sale can be found here. Insiders have sold a total of 461,952 shares of company stock worth $17,573,309 over the last quarter. Insiders own 0.70% of the company’s stock.
Exelon Corporation (NYSE:EXC) traded down 0.4772% on Wednesday, reaching $37.1021. The company’s stock had a trading volume of 581,156 shares. The company has a market capitalization of $35.62 billion, a price-to-earnings ratio of 19.6204 and a beta of 0.28. The firm’s 50 day moving average price is $37.97 and its 200-day moving average price is $36.45. Exelon Corporation has a 52 week low of $29.82 and a 52 week high of $38.78.
Exelon Corporation (NYSE:EXC) last announced its quarterly earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. The business had revenue of $7.62 billion for the quarter, compared to analysts’ expectations of $7.88 billion. Exelon Corporation had a return on equity of 8.47% and a net margin of 5.41%. The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 EPS. On average, equities analysts predict that Exelon Corporation will post $2.68 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Tuesday, August 15th were given a dividend of $0.3275 per share. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend was Friday, August 11th. Exelon Corporation’s payout ratio is 68.59%.
Exelon Corporation Company Profile
Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.
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